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508 South Burnett Road, Springfield, OH 45505

Located in Springfield, Ohio, within an established regional retail and employment market.

Property Size84,335 SF
Price / SF$37.29
Days on Market55

Property Features for 508 South Burnett Road

General Information

Standard status Active
Size 84,335 SF
Property subtype Retail
Occupancy 67%
Investment Type Value Add
Net Operating Income $204,508

Building Details

Tenancy Multi
Listing Agency: Cooper Commercial Investment Group
Listed By: Dan Cooper · License #OH 009003618
Source: Crexi
Added: Jul 7 Changed: Aug 30 Last Checked: Aug 30 at 6:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cooper Commercial Investment Group

Investment Insights

Based on property information with market context.

This shopping center comprises 84,335 square feet at 508 South Burnett Road in Springfield, Ohio. The property is positioned within a city recognized as Clark County’s commercial and civic center, with an established retail base and a diversified employment profile spanning healthcare, education, logistics, government, and advanced industry.

Springfield sits at the intersection of Interstate 70 and U.S. Route 68, providing regional connectivity toward Columbus, Dayton, Indianapolis, and the broader Midwest. Interstate 75, Interstate 71, and Interstate 675 are also within a short drive. The city’s Bechtle Avenue corridor functions as a major retail destination with national retailers, restaurants, hotels, and everyday services.

Key Highlights

  • 84,335‑square‑foot shopping center
  • Located at 508 South Burnett Road, Springfield, OH 45505
  • Springfield serves as Clark County’s commercial and civic center

Property Analytics

Current Use

Burnett Plaza Shopping ... Shopping Center & Mall Rocky's Ace Hardware Building Supply

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center HVAC Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

433
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 76% Home Improvements & Furnishings 15% Dining 9%
Speedway Shops & Services
19,722 visits/mo 0.2 miles
Family Dollar Shops & Services
6,496 visits/mo 0.0 miles
Rocky's Ace Hardware Home Improvements & Furnishings
5,524 visits/mo 0.0 miles
Donatos Pizza Dining
3,178 visits/mo 0.2 miles
AutoZone Shops & Services
1,963 visits/mo 0.0 miles

Demographics for 45505, OH

19,708
Population
9,365
Households
2.1
Avg Household Size
38
Median Age
10%
College-Educated
84%
High-School Grad
13.6 sq mi
ZIP Area
1,449
Density / Sq Mi
$42,409
Median Household Income
$30,322
Median Earnings
$802
Median Rent
$87,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Shopping center - Located in Springfield, Ohio, within an established regional retail and employment market.
Where is this shopping center located?
The property is located at 508 South Burnett Road Springfield, OH.
What is the asking price?
The asking price for this property is $3,145,000.
What are key features of this property?
This property features: 84,335‑square‑foot shopping center; Located at 508 South Burnett Road, Springfield, OH 45505; Springfield serves as Clark County’s commercial and civic center
(216) 562-1981 Call to check price and availability
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